May 13, 2022

The Daily Bankruptcy News

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Law:

Mintz Levin Shrinks N.Y. Partner Offices to Same Size as Novices
(DBN)

Wiggin and Dana Adopts Billable Hour Credit for Diversity Work
(DBN)

Breaking Up With Biglaw
(DBN)

The Most Billable Hours In Biglaw
(DBN)

Partner Compensation Took A Tumble At This Biglaw Firm
(DBN)

Lawyer tried to save client leaping from 9th-floor window by grabbing his belt—he couldn't keep hold
(DBN)

Fostering Associate Growth Is the Best Way to Grow Your Practice
(DBN)

Tips For In-House Counsel On 'Learning The Business'
(DBN)

Decision to give DC graduates priority access to bar exam supported by local law school deans
(DBN)

Clients give (qualified) thumbs up to their lawyers working from home
(DBN)

Firm boss departs as firm investigates senior staff for 'mistreating' waitress
(DBN)

Law graduate dumps legal profession to have more fun - and money - gaming
(DBN)

Jan. 6 panel subpoenas McCarthy, four other GOP lawmakers • Jan. 6 committee opens a Pandora's box of retaliation • Jan. 6 Panel Treads Risky Ground With Subpoenas for House Peers • Jan. 6 panel issues subpoenas to five GOP lawmakers • 'You Declined Voluntary Cooperation': Jan. 6 Committee Subpoenas House Minority Leader Kevin McCarthy and Four Other GOP Officials • GOP Congressman Won't Commit to Complying With 'Illegitimate' Jan. 6 Subpoena: 'Don't Want to Dignify What They're Doing' • California Man Who Nabbed a 'Do Not Enter' Sign Gets Jail Time for Entering the U.S. Capitol on Jan. 6
(DBN)

Rudy Giuliani Still on the Hook as OAN Formally Settles Georgia Election Workers' Defamation Case on 'Fair and Reasonable' Terms
(DBN)

Prosecutors Pursue Inquiry Into Trump's Handling of Classified Material • Justice Department opens grand jury probe into Trump's handling of documents
(DBN)

Suspended Biglaw Associate Likely To Get Reduced Sentence In Molotov Cocktail Attack • Prosecutors will seek 18 to 24 months in prison for 2 lawyers accused in Molotov cocktail attack on cop car
(DBN)

How to swing Pennsylvania to Trump? Count mail-in ballots at 'prorated amount,' ex-law prof advised
(DBN)

David Perdue's 'Sour Grapes' Election Fraud Suit Amounts to 'Speculation, Paranoia and Conjecture,' Judge Rules in Scorching Dismissal
(DBN)

Appeals judges seem skeptical as Trump family lawyer argues that NY AG subpoenas are biased and improper
(DBN)

Two GOP judges just stripped social media companies of basic First Amendment rights • Conservative Appeals Court Lifts Injunction Against Texas Law Aimed at Facebook and Twitter 'Censorship' • Social media's legal foundation just crumbled in Texas. Here's what's next.
(DBN)

Amber Heard may have tried to taint the jury with a rumor about Johnny Depp shoving Kate Moss down the stairs, experts say. It could backfire. • The Defamation Trial of Johnny Depp: When thespians testify, who can you believe?
(DBN)

Former NFL quarterback Brett Favre sued by state of Mississippi
(DBN)

Ammon Bundy Sued for 'Knowingly Dishonest and Baseless Smear Campaign' Accusing Idaho Hospital of Trafficking and Killing Children
(DBN)

People younger than age 21 have Second Amendment right to buy semi-automatic rifles, appeals court says • Ninth Circuit Strikes Down California Gun Law, Cites Nation's Long History of Giving Young People Firearms
(DBN)

Senators press DOD on abortion protections for service members
(DBN)

Complicated legal landscape hinders abortion pill access in some states — with or without Roe
(DBN)

Most Americans support free, widely available birth control if abortion is banned: poll
(DBN)

How One Clinic in Texas Explains the Threat to Contraception
(DBN)

In Defense of Roe
(DBN)

Louisiana House removes murder charge for women from abortion bill
(DBN)

Some birth control could be banned if Roe v. Wade is overturned, legal experts warn
(DBN)

Woman sentenced to 30 years in prison for abortion in El Salvador
(DBN)

3 Louisiana state troopers are charged in the beating of a Black motorist
(DBN)

Biden to urge cities to spend Covid relief money on police, crime prevention
(DBN)

Happy the Elephant Has Lawyers Arguing to Free Her from the Zoo
(DBN)

Lacrosse team bus drug search sparks outrage • Bodycam video shows deputies searching Black women's lacrosse team's personal items
(DBN)

Calling a man 'bald' is considered sexual harassment, tribunal rules
(DBN)

Man Who Says Ex-Boyfriend's Family Beat Him Blind over Gay Relationship Speaks Out
(DBN)

Nearly 2,400 people needed medical treatment following Astroworld festival tragedy, court filing says • A woman who lost her pregnancy during the Astroworld crowd surge has filed a wrongful death suit against Travis Scott and Live Nation
(DBN)

Kentucky Man Accused of Killing Former GOP Lawmaker's Attorney Daughter to Steal 'Doomsday Bunker' Wants to Plead Guilty but Mentally Ill
(DBN)

Coast Guard admiral becomes first woman to lead military service
(DBN)

Katrina Survivors Were Told They Could Use Grant Money to Rebuild. Now They're Being Sued for It.
(DBN)

A couple is suing their son and daughter-in-law for $650,000 for not giving them a grandchild
(DBN)

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Judges:

Judges Request Funding to Address Cybersecurity, Courthouse Safety, Growing Workload
(DBN)

The Far-Right Is Doxxing Judges and Calling For Their Assassinations
(DBN)

Could SCOTUS leaker be charged with crime? Espionage Act wouldn't apply, but other laws might
(DBN)

Joe Biden Gets Real About Scary Post-Roe World
(DBN)

Calling The Supreme Court's Bluff On Judicial Transparency
(DBN)

Congress leaps to action after Supreme Court protests
(DBN)

The Supreme Court Has Itself to Thank for Upholding Laws That Could Be Used to Criminalize Protests Outside Justices' Homes
(DBN)

The leaked draft has a fatal flaw. And it's even worse than you think.
(DBN)

Alito reluctant to discuss state of Supreme Court after Roe leak • Justice Samuel Alito declines to say if the justices could still have a friendly dinner with each other after his bombshell draft opinion overturning Roe v. Wade was leaked
(DBN)

Justices to meet for 1st time since leak of draft Roe ruling
(DBN)

Judge Gets Reprimand Over Penchant For Handcuffing Attorneys In Her Courtroom
(DBN)

______________

Wall Street:

Stock futures jump as S&P 500 looks to avoid bear market
(DBN)

Analysis: Wall Street 'fear gauge' offers no silver lining as bear market looms
(DBN)

World Stocks Clamber Off 18-month Lows, But Markets On Recession Watch
(DBN)

Dow falls for a sixth straight day after another wild session
(DBN)

'My 401k is now 301k': Millions of Americans fear for their retirement funds
(DBN)

More than $7 trillion has been wiped out from the stock market this year
(DBN)

GameStop shares jump sharply in odd trading; AMC shares also pop
(DBN)

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Layoffs:

US Xpress addresses more than a hundred layoffs this week
(DBN)

How to fire with dignity
(DBN)

______________

Student Debt:

Taking out new student loans just got more expensive
(DBN)

'I will just die in debt': How student loans are drowning women
(DBN)

AFL-CIO presses Biden to cancel student debt
(DBN)

Student Loan Borrowers Don't Deserve 'Forgiveness.' They Deserve an Apology.
(DBN)

____________

Healthcare:

Troubled Oregon psychiatric hospital in danger of losing federal funds
(DBN)

U.S. COVID Cases Are Rising Again, but Worries Are Not • Covid cases are surging again. Why hospitalizations may not.
(DBN)

Had Covid At Christmas? You Could Get It Again Now
(DBN)

Meatpackers convinced Trump officials to keep plants running during COVID crisis -U.S. House report
(DBN)

U.S. and world leaders pledge more than $3B to fight pandemic globally
(DBN)

Biden orders flags at half-staff for 1 million COVID deaths
(DBN)

This Is the City in Every State Where COVID-19 Is Growing the Fastest
(DBN)

____________


Economy:

U.S. weekly jobless claims edge up; monthly producer price gains slow
(DBN)

Global equity funds see massive outflows on slowdown fears
(DBN)

Recession talk justified? Follow the data
(DBN)

Wholesale inflation climbs 11% in April, remaining near 40-year high
(DBN)

Age of Inflation in US Will Last Much Longer Than Pandemic Spike
(DBN)

Another key inflation measure slowed in April
(DBN)

Inflation is costing U.S. households $311 a month. Here's what's more expensive and how you can save
(DBN)

Mohamed El-Erian says the U.S. is nearing a 'cost-of-living crisis' after more hot inflation data
(DBN)

Gas Prices Become Another Trigger for Recession
(DBN)

Biden's American Rescue Plan worsened inflation. The question is how much.
(DBN)

Not all recessions are the same. Here's what could happen to the economy and markets
(DBN)

Federal Reserve Chair Jerome Powell confirmed by Senate for a second term
(DBN)

Economist Mohamed El-Erian says the Fed needs to be "brutally honest" and keep the door open for larger rate hikes.
(DBN)

The Fed wants a 'soft landing' for the economy. The market says get ready for a crash • Powell: 'Soft' economic landing may be out of Fed's control
(DBN)

Black economists make up only 1.5% of Fed staff
(DBN)

Fears that high inflation could crimp global growth send dollar to 20-yr high
(DBN)

Chart: The disappearing remote worker
(DBN)

Finnish Utility Fortum To Quit Russia • Rouble jumps to mid-2017 levels vs euro on MOEX, much weaker at banks • Swiss release some frozen Russian assets • Moscow lawyers target more cases against Western firms that leave Russia • Ukraine Will Not Reopen Gas Route Until It Controls Pipeline System • Big Drop in Russia's Diesel Exports as Buyers Shun Nation's Oil • Allianz very likely to fully exit Russia, CFO says • Siemens exits Russia, saying "we condemn" attack on Ukraine • Biden looks to nudge ASEAN leaders to speak out on Russia • Rouble firms past 63 vs dollar in Moscow, hits fresh 5-year high vs euro • UK Sanctions Friends Propping Up Putin's 'Luxury Lifestyle' • Shell to Sell Gas Stations in Russia • Mystery Deepens as Oligarch's Yacht Goes Dark on Way to Bahamas • Russia strikes back – countersanctions
(DBN)

The end of Roe will mean more children living in poverty
(DBN)

Businesses face major benefits questions amid Roe uncertainty
(DBN)

The billionaire party cools down
(DBN)

Coal miners press Manchin to back reconciliation bill to extend black lung funding
(DBN)

Tax refunds, medical staff bonuses proposed by Newsom
(DBN)

The nationwide shortage of baby formula is a major stressor for parents • Breast milk banks get surge in calls from parents amid baby formula shortage • White House announces measures to address baby formula shortage • Why baby formula is in short supply — and who is most at risk • Parents swap, sell baby formula as Biden focuses on shortage
(DBN)

Inflation forces increase in minimum wage
(DBN)

LA County Has More People Than 40 States
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Home prices could fall in some U.S. cities. Here's where and why
(DBN)

Mortgage rates continue to climb
(DBN)

Realtor.com Reports Weekly Inventory Up Slightly Year-over-year
(DBN)

NYC and San Fran rank at bottom of list for Gen Z homebuyers
(DBN)

Surfside families still want answers
(DBN)

Troubled Student Housing Firm Would Pay Tens of Millions to Investors
(DBN)

Goldman Sachs-backed firms buy entire Florida community for $45 million
(DBN)

____________

Municipalities:

Puerto Rico governor rejects budget in new clash with board
(DBN)

Puerto Rico plans to replace tax on foreign firms
(DBN)

Flint faces insolvency without cash infusion for pensions, CFO warns
(DBN)

____________

Oil/Gas:

Ban on 'Excessive' Gasoline Prices Is Heading for House Vote
(DBN)

Oil rises but fears of weaker demand limit gains
(DBN)

This Is Where the Oil Price Would Be Without the War
(DBN)

BP shareholders back company's climate strategy
(DBN)

Energy watchdog does a U-turn, saying world can withstand loss of Russian oil supply
(DBN)

Volkswagen's EV profit margins to match combustion engines sooner than planned - CEO
(DBN)

Where Renewables Are Poised to Reduce Russian Gas Dependency
(DBN)

Pelosi hammers gas companies for consumer 'exploitation'
(DBN)

____________

Corporate Governance:

Top Wall Street banks agree to disclose directors' race and gender
(DBN)

____________

Education:

'There's no way to hide history': Teachers react to Georgia law limiting discussion of race
(DBN)

____________

Tech:

Elon Musk Seeks to Scrap Tesla Margin Loan With New Twitter Funding • Twitter's market cap has dropped to $9 billion below Musk's purchase price as concerns about deal emerge •Elon Musk says Twitter deal on hold pending details on fake accounts; shares plunge 19%
(DBN)

____________

Retailing:

Is BBBY Stock Headed for Bankruptcy? One Analyst Thinks So.
(DBN)

____________

Climate:

Canadian banks face 'greenwashing' claims as oil sector gets sustainable funding
(DBN)

Southwest "megadrought" leads to wildfires and new homicide evidence • The Southwest's Drought and Fires Are a Window to Our Climate Change Future
(DBN)

Are "say on climate" shareholder votes just more corporate greenwashing?
(DBN)

Growing wildfire engulfs homes in drought-stricken Southern California • Coastal Fire destroys at least 20 homes in Laguna Niguel • Fire that destroyed 20 homes grows to 200 acres • California blaze that burned 31 homes signals 'dangerous new normal,' official says • California Wildfires Burn Mansions
(DBN)

California braces for extreme summer drought after dismal wet season
(DBN)

Wildfire puts Los Alamos National Lab on evacuation standby
(DBN)

Why is it so hot in Iowa?
(DBN)

When will 'economic growth' account for environmental costs?
(DBN)

____________

History:

New report on Native American boarding schools reveals the US government said it would force Indigenous people to 'resort to agricultural labor or starve'
(DBN)

____________

Autos:

Lordstown Motors shares surge after it sells assets to Foxconn
(DBN)

Nissan Warns Of Flat Profit As Chip Shortage Becomes 'New Normal'
(DBN)

Honda warns of rising costs, forecasts weaker annual profit
(DBN)

____________

Politics:

Democrats push to expand abortion access in blue states
(DBN)

GOP panics over 'ultra-MAGA' Pennsylvania Senate wild card • MAGA World Melts Down as 'Ultra-MAGA' Barnette Blows Up in Pennsylvania • What to know about controversial GOP Pennsylvania Senate candidate Kathy Barnette
(DBN)

Musk says he prefers 'less divisive' candidate than Trump in 2024
(DBN)

How 'most conservative gov in NC history' became 'RINO'
(DBN)

George P. Bush's family name proves to be key obstacle in his race against Ken Paxton for attorney general
(DBN)

Yes, Safe Smoking Kits Include Free Crack Pipes
(DBN)

French revolution? Half of Americans think life in France is better than in the U.S.
(DBN)

Chicago Mayor Lightfoot defends 'call to arms' tweet amid conservative backlash
(DBN)

TX High Court Overturns Five Year Sentence For Woman Convicted Of Accidental Illegal Voting
(DBN)

Psaki Talks Death Threats Against Family
(DBN)

____________

 
New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 new filings today)
(DBN)

Bankruptcy Code (html) - Bankruptcy Code (pdf) • Prior BK Codes (pick year from list) - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Automatic Stay:

Courts Begin to Wrestle with the Impact of City of Chicago, Illinois v. Fulton on a Debtor's Ability to Recover Estate Property
(DBN)

____________

Mass Torts:

Johnson & Johnson: A Bankruptcy Filed In Good Faith
(DBN)

Not so fast on Johnson & Johnson's Texas Two-Step strategy as appeals court says it'll take another look
(DBN)

Alex Jones Screams At Viewers To Buy His Products, Tells Them It's 'Life And Death'
(DBN)

____________

Aviation:

Jetmakers' inflation shield no match for soaring costs
(DBN)

Boeing sees progress on 787, China, but supply chain risks loom
(DBN)

Emirates airline cuts annual loss to $1.06 bln • Emirates Trims Annual Loss, Sees Profit Ahead as Travel Revives
(DBN)

Norwegian Air Posts Q1 Loss, Flags Fuel Cost Impact on Recovery
(DBN)

Creditors Withdraw Petition Against Air Seychelles
(DBN)

Garuda Indonesia Proposes Extension For Debt Restructuring
(DBN)

China Hints at Stronger Travel Curbs, Adding to Covid Zero Angst
(DBN)

____________

Crypto:

Crypto-Market Panic Subsides With Prices, Tether Stabilizing
(DBN)

Coinbase junk bonds tank amid market rout and creditors' fears
(DBN)

Crypto meltdown deepens as stablecoin Tether drops below dollar peg
(DBN)

Investors Fret About their Crypto Assets Amid Bankruptcy Fears at Coinbase
(DBN)

People are calling on Coinbase users to transfer their crypto into hardware wallets after the exchange warned a bankruptcy could mean losing their investment
(DBN)

This week's vicious crypto crash shows a crisis of confidence in the entire ecosystem
(DBN)

Crypto's plummet tests the durability of a hype-driven industry
(DBN)

The cryptocurrency bubble bursts… but is it a sign of a stock market crash to come? Digital investors lose fortunes as Ethereum sheds 20% of its value in 24 hours
(DBN)

Coinbase CFO says "bankruptcy" note was about regulation, not solvency
(DBN)

Bitcoin, ether, cardano along with other tokens crash in a crypto bloodbath, as investor angst over high-risk assets intensifies
(DBN)

Cryptocurrency luna now almost worthless after controversial stablecoin it is linked to loses peg
(DBN)

Why One Adviser Is Pumping the Brakes on Crypto
(DBN)

Crypto market cap has plunged 28% over the last week to $1.2 trillion, the lowest since July, amid broad meltdown
(DBN)

Panic in the crypto market has Janet Yellen's attention
(DBN)

Crypto investors panic during market bloodbath: 'Suicide is the only way out'
(DBN)

The crypto crash is a 'double whammy' for young investors who racked up debt to buy tokens, says investment platform
(DBN)

A collapse of Tether could be crypto's 'Lehman Brothers moment' as the world's top stablecoin begins to wobble and major tokens plummet, analyst says
(DBN)

More than $200bn wiped off cryptocurrency market in a day
(DBN)

Cryptocurrency is not actually perfectly designed for crime. Just ask the crypto cops.
(DBN)

____________

Sovereigns:

Sri Lanka reappoints five-time former PM in effort to quell political, economic crisis • Sri Lanka court bans ex-PM Mahinda Rajapaksa, allies from leaving country • Sri Lankan power family falls from grace as economy tanks
(DBN)

Lebanon vote seen as last chance in crisis-plagued nation
(DBN)

Pakistan Default Risk Surges as Ousted Khan Plans New Protests
(DBN)

____________

UK:

Schemes and Restructuring Plans: Where Are We Now?
(DBN)

Restructuring With Regulators: Where Law and Policy Collide
(DBN)

UK and European Restructuring Tools: Choosing the Optimal Forum for Creditor and Shareholder Cramdown
(DBN)

300 jobs 'at risk' as half of Insolvency Service offices to close
(DBN)

Customers vote for compensation scheme which could keep lender Amigo afloat
(DBN)

Rising student debt to worsen money woes of young Britons
(DBN)

UK economy shrinks in March as recession risks mount
(DBN)

Sunak Says Brexit Deal Causing Harm, Urges EU to Be Flexible
(DBN)

Cheap Food in Britain Is About to Become a Thing of the Past
(DBN)

BOE Told More Rate Hikes Needed As Inflation Harder to Tame
(DBN)

Fears for Man Utd, Liverpool, Chelsea and Spurs in cost of living crisis
(DBN)

____________

EU:

Euro falls back towards 2017 lows on Russian energy crisis
(DBN)

Italy Eyes Stronger Mediterranean Ties in Shift From Russian Gas
(DBN)

____________

Canada:

Basilica bidders hope to preserve culture, faith amid church bankruptcy
(DBN)

CAIRP: Insolvency levels intensify in Q1
(DBN)

____________

China:

Coach owner Tapestry sees gradual recovery in lockdown-hit China
(DBN)

China to Roll Out New Policies When Needed to Support Economy - Party Official
(DBN)

As Shanghai Nears End of Lockdown, Covid Angst Spreads in China
(DBN)

China should heed 'strong Western response' to Russia's war, says ex-diplomat
(DBN)

Chinese developers' debt woes worsen as sales, yuan weaken
(DBN)

China's Credit Demand Slumps as Covid Lockdowns Curb Borrowing
(DBN)

China Rate Cut in Focus as Economy Counts Cost of Covid Zero
(DBN)

____________

India:

India consumer price inflation hits eight-year high on food, energy costs
(DBN)

____________

Russia:

UN: More than 1,000 civilian bodies found in Kyiv region • UN Human Rights Council votes to start war crimes probe in Kyiv • Ukraine puts Russian soldier accused of war crime on trial • Benjamin Ferencz is the last surviving Nuremberg prosecutor. He says Vladimir Putin is "certainly" a war criminal. • The new Russian offensive in Ukraine isn't going much better than the previous one • Russian soldiers seen shooting dead unarmed civilians • Rand Paul objection delays $40 billion Ukraine aid package • Ukraine families beg for rescue of troops holed-up in Mariupol steelworks as Russia forced to retreat north of Kharkiv • Here's what happened Thursday in the Russia-Ukraine war • Big guns and small drones have become a devastating combo in Ukraine • US says Russia has forced thousands of Ukrainians from their homes and into so-called 'filtration camps' • UN: Over 6 million refugees have fled Ukraine since Russian invasion began
(DBN)

Russia said Finland joining NATO is 'definitely' a threat and warned it would retaliate as the country moves ever closer to membership • Finland Looks To Join NATO "Without Delay"
(DBN)

Sweden Edges Closer to NATO After Key Parliamentary Report
(DBN)

____________

Japan:

Tokyo to recognize same-sex unions but not as legal marriage
(DBN)

____________

South Korea:

Seoul Bankruptcy Court selects KG Group as designated buyer of embattled SsangYong Motor
(DBN)

____________

India:

Petition for insolvency gets time-barred if filed after 3 years: NCLAT
(DBN)

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